P.M. Kitco Roundup: Gold Shoots Higher As FOMC Does Not Announce "Tapering"

(Kitco News) - The gold market rallied sharply in the immediate aftermath of a surprising "no-tapering" announcement from the U.S. Federal Reserve's Open Market Committee Wednesday afternoon. The key "outside markets" also quickly moved into a bullish posture for the precious metals markets after the FOMC statement--the U.S. dollar index dropped sharply and crude oil prices moved sharply up on the day. December Comex gold was last up $32.80 at $1,342.50 an ounce. Spot gold was last quoted up $3...